Basic Attention Token (BAT) is an open-source, decentralized ad exchange platform built on Ethereum platform. Basic Attention Token held an initial coin offering on May 31, 2017 for its eponymous ERC-20 utility token, raising approximately $35M USD at the time in less than 30 seconds. The Basic Attention Token aims to fix digital advertising, which is broken, fraudulent and opaque.
Basic Attention Token work by having advertisers pay BAT to website publishers for the attention of users. The BAT token is designed to correctly value and price user attention within the platform. The Basic Attention Token comprises various components, including attention measurement systems, analytics dashboards and machine learning algorithms.
Integration of BAT into a given host application involves implementing BAT Ads, a system that matches and displays ads to users based on locally stored data. Ad targeting is performed wholly on-device, removing the need for third-party tracking. BAT is focused on the Brave browser. Brave is an open-source, privacy-centered browser designed to block trackers and malware. It utilizes blockchain technology to anonymously and securely track user attention, which translates into rewards for publishers.
What is the allocation for Basic Attention Token (BAT)?
The Basic Attention Token (BAT) has a fixed supply of 1.5 billion tokens. This supply was determined at the project's launch and no additional BAT will be created. The allocation during its initial coin offering (ICO) was as follows:
- 50% is allocated to the ICO, amounting to 1 billion BAT tokens
- 20% is allocated to the development team, amounting to 200 million BAT tokens
- 30% is allocated to a user growth pool (UGP) for incentivizing users to join the Brave platform, amounting to 300 million BAT tokens
What is the supply schedule for Basic Attention Token (BAT)?
The total supply of BAT is capped at 1.5 billion tokens. This limit can not be exceeded unless a new token smart contract is implemented. If you want to know the accurate circulation information, you can subtract the account balance number shown in the User Growth Pool Reserve on https://etherscan.io/token/0x0d8775f648430679a709e98d2b0cb6250d2887ef?a=0x7c31560552170ce96c4a7b018e93cddc19dc61b6 from the 1.5 billion total supply.
Basic Attention In-depth Report Generated by AI - For further details, please review:
Basic Attention Token (BAT) is an open-source, decentralized ad exchange platform built on Ethereum platform. Basic Attention Token held an initial coin offering on May 31, 2017 for its eponymous ERC-20 utility token, raising approximately $35M USD at the time in less than 30 seconds. The Basic Attention Token aims to fix digital advertising, which is broken, fraudulent and opaque.
Basic Attention Token work by having advertisers pay BAT to website publishers for the attention of users. The BAT token is designed to correctly value and price user attention within the platform. The Basic Attention Token comprises various components, including attention measurement systems, analytics dashboards and machine learning algorithms.
Integration of BAT into a given host application involves implementing BAT Ads, a system that matches and displays ads to users based on locally stored data. Ad targeting is performed wholly on-device, removing the need for third-party tracking. BAT is focused on the Brave browser. Brave is an open-source, privacy-centered browser designed to block trackers and malware. It utilizes blockchain technology to anonymously and securely track user attention, which translates into rewards for publishers.